1.
1. Under the UCC, a sellers tender of goods that do not conform in every way
to a contract is still a valid tender? True or false 2. An installment
contract as a single contract that requires or authorize a delivery in two or
more separate lots to be paid for in one payment. True or false 3. The
course of performance is the practice or method of dealing so regularly
observed as to justify and expectation that will be observed in a particular
transaction. True or false 4. A loan between to consumers is not subject to
the truth-in-lending act? True or false 5. On a trade acceptance, the
drawer is also the payee. True or false 6. With an interest-bearing
instrument, it is necessary to know the exact interval during which the
interest will accrue. True or false 7. Any person who buys preferred stock
has priority over a holder of common stock to payment on the corporations
dissolution? True or false 8. A Court cannot dissolve the corporation for
Miss management. True or false 9. A debtor is the person in whose favor
there is a security interest. True or false
Solution
1. Under the UCC, a sellers tender of goods that do not conform in every way to a contract is still
a valid tender? false 2. An installment contract as a single contract that requires or authorize a
delivery in two or more separate lots to be paid for in one payment. false 3. The course of
performance is the practice or method of dealing so regularly observed as to justify and
expectation that will be observed in a particular transaction. True 4. A loan between to
consumers is not subject to the truth-in-lending act? false 5. On a trade acceptance, the drawer is
also the payee. True 6. With an interest-bearing instrument, it is necessary to know the exact
interval during which the interest will accrue. True 7. Any person who buys preferred stock has
priority over a holder of common stock to payment on the corporations dissolution? True 8. A
Court cannot dissolve the corporation for Miss management. false 9. A debtor is the person in
whose favor there is a security interest. True